Deposits

Salient Features:

Suitable for depositing money and withdrawing money as and when required. Fetches interest @ 4% p.a. on daily credit balances.

Eligibility:

• Individual only.

• Illiterate person

• Blind person and handicapped persons.

• Senior citizens

• Sick persons

• Students getting scholarship

Value addition:

• RTGS/NEFT Remittances.

• Issue of Payment instruments (Pay orders and Demand Drafts).

• Multicity cheques collection.

• Initial deposit of Rs.25/- for Basic Savings Bank Accounts with Cheque facility.

Min Amt : Non-maintenance of minimum balance in the account attracts a penalty as prescribed by the Board.

No such penalty for accounts of Senior Citizens.

Max Amt : No Limit

Withdrawals: Only four withdrawals from the account will be allowed in a Month.

Documentation required to open Savings Bank Accounts

Pass port size photos 3 nos.

Identity proof to open Basic Savings Bank Accounts :

• Passport

• PAN card

• Voter ID card

• Driving license

• Government ID card

• Senior citizen ID card

• Aadhaar Card

• Identity Card issued by Government Departments/Reputed Employers

Address proof to open Basic Savings Bank Accounts:

• Passport

• Telephone bill / Mob Bill

• Electricity bill

• Driving license

• Certificate/ ID card issued by Post office

• Aadhaar Card

• House Tax receipt / rent paid Receipt for the latest period

• Rental Agreement to the satisfaction of the bank.

• Bank Passbook / Credit card statement for the latest period.

• Any other reliable document to the satisfaction of the bank.

Note:

• Please produce the original document(s) for verification and a photocopy of each document.

• Please fill the Account Opening Form in CAPITAL LETTERS using Black ink.

• Please countersign in case of any overwriting.

• Please avail the nomination facility.

• Please note that one proof containing the identity and present address (as mentioned in account opening form) is enough.